Deep drawdown. Earn income while the position recovers without capping the rebound. The safest rung that still clears the income floor is recommended; Ultra Safe goes deeper OTM for the lowest called-away odds when you want maximum room above your $1,300.00 basis.
Income playbook
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,226 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $12 CALL
14 Aug 2026 · 22 DTE · bid $0.08 / mid $0.45 · $24 this cycle
43.2% OTM
Survival (OTM)
80%
Income / mo
$33
Annualized
15%
EV / cycle
-$53
If assigned
-$386,226
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.76/share ($528 total). Monte-Carlo central case: challenged near day 12 at spot $13.15.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
29d
-$0.63
$-1.00 to $-0.49
66%
57%
Ss Escape
$11.77
43d
+$0.08
$-0.29 to $0.29
66%
54%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $12 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,226 (premium included).
Called-away odds20%
SaferRiskier
SELL 3 × $12 CALL
14 Aug 2026 · 22 DTE · bid $0.08 / mid $0.45 · $24 this cycle
43.2% OTM
Survival (OTM)
80%
Income / mo
$33
Annualized
15%
EV / cycle
-$53
If assigned
-$386,226
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $1.76/share ($528 total). Monte-Carlo central case: challenged near day 12 at spot $13.15.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$12.50
29d
-$0.63
$-1.00 to $-0.49
66%
57%
Ss Escape
$11.77
43d
+$0.08
$-0.29 to $0.29
66%
54%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
NormalBalanced risk and income▾
Strike $10 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $387,066 (premium included).
If challenged near half-life, buying the call back costs about $0.90/share ($270 total). Monte-Carlo central case: challenged near day 3 at spot $10.01.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$9.50
15d
-$0.13
$-0.53 to $-0.25
66%
56%
Ss Escape
$11.77
43d
+$0.11
$-0.35 to $-0.03
79%
75%
Safety Up
$13.27
43d
-$0.23
$-0.76 to $-0.40
83%
81%
Reliable Up
$10.77
43d
+$0.39
$-0.02 to $0.27
76%
69%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
ConservativeSafe, deep OTMRECOMMENDED▾
Strike $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,905 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $14 CALL
28 Aug 2026 · 36 DTE · bid $0.15 / mid $0.62 · $45 this cycle
54.6% OTM
Survival (OTM)
79%
Income / mo
$38
Annualized
17%
EV / cycle
-$75
If assigned
-$385,905
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.32/share ($697 total). Monte-Carlo central case: challenged near day 18 at spot $14.19.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
43d
-$0.91
$-1.38 to $-0.80
67%
58%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
Ultra SafeDeepest OTM, lowest called-away odds▾
Strike $14 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $385,905 (premium included).
Called-away odds21%
SaferRiskier
SELL 3 × $14 CALL
28 Aug 2026 · 36 DTE · bid $0.15 / mid $0.62 · $45 this cycle
54.6% OTM
Survival (OTM)
79%
Income / mo
$38
Annualized
17%
EV / cycle
-$75
If assigned
-$385,905
If challenged: pre-priced escape map
If challenged near half-life, buying the call back costs about $2.32/share ($697 total). Monte-Carlo central case: challenged near day 18 at spot $14.19.
Door
New strike
Tenor
Est credit/sh
P25-P75
POP
Survival
Credit Out
$13.50
43d
-$0.91
$-1.38 to $-0.80
67%
58%
Priced from today's chain via the shared anchor + Black-Scholes engine. POP = stays below breakeven; Survival = stays below the new strike.
NormalBalanced risk and income▾
Strike $10 is BELOW your $1,300.00 cost basis. If called away this locks a realized loss of about $386,511 (premium included).